Dont over react here...No Change in the total Outstanding Shares
As per press release...DRYS selling only already accounted shares. Their own shares. It Does make sense to pay down debt with existing shares. Cash flow per outstanding share will be even better as will earnings per share as cash flow is diverted to the share price (capital) vs. debt going forward with rising Dry bulk rates and as Drill ships all get positioned.
I personally don't have a clue what to think...its like a #$%$ shoot in a casino..This may happen but this may happen also. It might go up it might go down. Is it good? Is it bad? Everyone has a different opinion. All that matters is what investors do...sell? Hold? BUY?